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Securitization People and Markets

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  • Michael Rosenberg, co-head of the global credit collateralized debt obligation group at UBS Securities, has been transferred from the firm's Stamford, Conn. office to London.
  • Transwestern Pipeline has tapped Wachovia to lead its $550 million refinancing facility.
  • Credit Suisse First Boston plans to introduce an evaluation tool for corporate bond investors that incorporates correlated factors including equity volatility and credit default swap movements
  • DebtTraders, a broker dealer that specializes in distressed and high-yield debt, plans to increase its European presence by adding professionals to its London office.
  • Syndication is set to launch Thursday for the $250 million in bank debt backing Ionics' acquisition of Ecolochem.
  • Harris Nesbitt, the U.S. investment banking arm of Canada's BMO Financial Group, is looking to further expand its asset-backed securities group by hiring four to six originators over the next six months, according to Jeff Phillips, managing director and head of the U.S. securitization group in Chicago.
  • J.P. Morgan and Credit Suisse First Boston are easing off the gas on the syndication of the $1.15 billion facility for The Blackstone Group's TRW Automotive, which is nearing close.
  • Kate Kutasi, head of high-yield, distressed and private securities research at Alliance Capital Management, resigned last week after 15 years at the buy-side firm.
  • The following is a list of prominent personnel moves from around the U.S. and European fixed income markets.